Money rate boost stirs market ahead of flare up in stocks
New York markets see money rate at five percent as brokers’ loans tighten after Monday’s close. General Motors and other favorites rally while bears push back as funds rise. Baldwin, Kelly-Springfield, and railroad issues attract steady buying with hope for higher dividends pending Interstate Commerce Commission decisions.
MENTIONED IN THIS ARTICLE
S. S. Fontaine
New York World News Service
New York
General Motors
Hudson
Colorado
Baldwin
Bears
Philadelphia
Vaudhin
Wall Street
Arthur Cutten
Gental Motors
Kelly- Springfield
Kelly-Springfield
United States
Durant
Reading
Baltimore & Ohio
Pennsylvania
New York Central
Lehigh Valley
Southern Pacific
Southern Railway
Ch Pcake & Ohio
Atchison
Interstate Commerce Commission
Transportation Securities
Closing Stock Transactions On The New York Exchange
Complete closing list of today’s principal NYSE stocks shows Air Reduction, Ajax Rubber, Allied Chemical, Amoco, American Sugar, Am. Car & Foundry, Atlantic Refining, Baldwin Locomotive, Bethlehem Steel, Coca Cola and many more. Totals: 1,471,700 shares sold. ex-dividend and rights notes apply. Twenty Industrials and Twenty Railroads averages listed with highs and lows for the day.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Ajax
Saseesn i
al. Chem. & Dye Cece
Allis-Chalmers Mfg
Segemateces
Amerada Corp
Ccccessese
Agri. Chem
Bosch Magneto
Brown
Boveri
Car & Foundry
Crees Eerse
Internat. Corp
Isinsco Re Srece
Miei
Locomotive
Power & Light
Steel Founders
Sugar Refining
Sumatra
Tobacco
Sepeer
Armour & Co
S. Fe
Atlantic Coast Line
Tl. Gell Oe Owe
Atlantic Refining
Baldwin Locomotive
Baltimore & Ohio
Bangor & Aroostock
Barnsdall Corp. A
Bethlehem Steel
Briggs Mfg. Co
Brooklyn Edison
Brooklyn-Man
Brooklyn Union Gas
Byers & Co., A
Cerro de Pasco
Chesapeake & Ohio
Chi
E. Ill
Chicago Great Western
BEG i cRatachandiciedens
Northwestern
Chi., R. I. & Pacific
Eeereeard
Childs Co
Chile
Chrysler Corp
Collins & Aikman
Colorado Fuel & Iron
Columbia Gas & Electric
Congoleum-Nairn
Congress Cigar
Escessesscsecon
Doan Ncent Cain
Continental Can
Continental Motors
Cuba
Cuba Co
Ccecscssssssen
TaGee
Joe
Aisles Ceciscans
du Pont de Nemours
Eastman Kodak
Eaton Axle & Spring
Superior Oil Voces Eae
Texas C Pp
Tex. & Pac
Texas & Pacific Ry
Erie Railroad Oo
Texas Gulf
Lst
Cece cc
Tex Pac Land Trust
Erie
Eureka
Federal Lt. & Trac
Fisk Srudber
Ces Oes Fleischmann Co
Union Carbide & Carbon
Fox Film A
Ssreeersseen General Asphalt Co
United Cigar Stores
General Electric
Ccc
United Drug
Creesses General Motors
Sjcssssseees
U. S. Distributing
U. S. Hoffman Mach
U. S. Indust
Goodrich, B. F., Co
Univ. Pipe & Rad
Great
Aeae
Victor Talking Machine
Great North
Ry. Pref
Vivaudou, Inc
Great Western Sugar
Wabash Ry. O.s.csssesecsesseeenseeens
Gulf States Steel
Vlazy
Sattney JN (Os
Coeneereeespecon
Hartman Corp. B
Ward Baking Bo
Floustown Lieneteceticrertess
Warner Bros. Pict. A
Hudson & Manhattan
Maryland
Hudson Motor Car
Western Union Tel
Hupp Motor Car
Westinghouse Air Brake
Illinois Central
Cossee
Westinghouse el. & Mfg
Ind. Oil & Gas
Interborough Rapid Transit
White Sewing Machine
Int
Business Mach
Willys Overland
Ceseee
Int. Combustion Eng
F Co
Woolworth Cbn
Harvester Co
Worthington Pump & Mach
Yellow Truck & Coach
Merc. Marine
Ugstown. Sheet & Tube
Vavatis
New York Bond Prices and Daily Sales Report
Today on the New York Stock Exchange U S government and domestic bonds show varied high and low prices with total sales around 13.978 million dollars. Notable listings include Liberty bonds and various corporate issues from Am. Sugar Ref. to Union Pacific and others. Total sales rose from the prior day and compared with week and year figures, with January year-to-date totals noted.
MENTIONED IN THIS ARTICLE
New York
New-York Stock Exchange
U. S. Govern
Liberty
Cesecteees Erie Ist Cn
South Ry
Geri
Am. Agr. Chem
Sugar
Leath
West
Ind
Cn. Gas N. Y
Cub
Dom
R. G. Con
Dg. Br
Duquesne Light
Goodrich, B. Ne
Hershey Choc
Hud. & Man
Illinois Bell Tel
Inter. R. Trans
K. C. Pow
K. C. Southern
St. L
Midvale
M.k.&t. Nw
Nat. Dairy
N.Y.C
H.R
N. Y
Pere Marg
Phil. Co
Pub. Ser
N. J
Rem. Arms Sf
Rep. Iron&Steel
St.l
I.M
St. L. S. W. Con
Seab. A. L. Adj
Sea. All Fia. Ry
Sosciciss Sconcceseceses
Oil J
Tenn
Toledo
Union Pacific Ist
POM Cvg AB
Virginian Ry
Wabash Rfg
Maryland
Pac
Spen
Treasury
Tel
Docco
Anacona
C. M. Qs
Arm. & Co. del
S . F. Gen
Balt
Beth
Steel Con
Bklyn
Man
Cal
Pet
Central Pacific
Chi. & E. Ill
Ae Chicago Railway Bs
C.t.hte
S.E. Inc
C.C.C
Cig
S. F
Cuba Cane
del. & Hud
Do Wes. Gn
Empire G. & F
Fla. E
Gdyr. T. & R
Gt. North
Illinois Central
Mar
al. Mo. Pac
Hone Morris & Co
N.eg.t
T. Gn
N. O
N. Y. Ry. Inc
W. & Bost
Pac. Prior
Pac. Gas & Ele
Pan-Am.p
ZI Penn
Dixie
P.C.C
Ark
Sinclair Pipe Lines
Son. Pac. Cvt
S. W. Bell Tel
Texark
Ft.Sm
Trumbull
U.S. Steel Sf
Utah St. & Tr
Warner Sug
Western Ele
Mig. G
Im Wilson & Co. Ist
Yngstwn
Toho el
Cal Il el. Pw
New York Curb Market Quotations June 28
The New York Curb Exchange lists trades across stocks and bonds with numerous issues from Am. Gas & Elec to Ford Motor and Phillips Morris. Bond sales noted with 3,258,000 dollars in quotations, showing high and low figures across many listings.
MENTIONED IN THIS ARTICLE
New York
Aes
New York Curb Exchange
Ieee
Am. Br. Bov. F
Gas & Er
Haw. S. S
Maracaibo
Bet Asso. Gas & el
Auburn Auto
Bunk Hill & Sal'h
Carib Synd
Celancee
Cen. Leath
Aw.i
W.i
C.M
St.p. Pr
New
Mnaien
C. Gas & el
Pone Co
Ste
Curtis Pub
Curtiss Aero
de Forrest Vyte
Dunhill Internat
el. Bond & Ghare
Empre Gas & el. Pr
Empire Power
Eureka Croesus
Fajardo
Ford Motor Can
Foundation
Fox Theater A
Baking A .An Sy Gibson
Gillette Sef. Ree
G’r T. & Kab
Gulf Oil Houe
Hawthorne Bat
Ilinois
Imp. Oil Canada
Indiana
Indust. Rayon A
Internat. Petroleum
Nipissing Mines
Noranda Mines
Ohio Power
North
Johns Manville
Reiner-Wil
Seotneraciti
N’east Power
Val. Coal Cf
M’d. John’n Co. N
Metro. Ch
Mid West
Util
N. Mex
Ariz. Lal
N.Y
Nichols & Shep
Ohio
Philip Morris
Pitts
L. Erie Ry
Prairie Oil & Gas
Prairie Pipe Line
Reo Motor
Rolls Royce A. K
Salt Creek
Servel del
Ss. E. Pow
Nebr
Oil Ohio N
Timken Det
Baden
C. Mun
Batavia
Sas
Berlin
B. Aires
M. Bk
Ger. C. Mun
Hambu State
Montevideo
N. S. Wales
Peru
Ark. Nat
Gaseeeeenereees
Carib. Syndicate
BY Cities Service
Eee Teweeees
Gibson Oil Creole
Gulf Oil Houston Gulf Gas
Canaee Seenaeseeseesons
Lone Star Gas
Eeereeeesons
Magdalena
Woodley
Markets At A Glance Irregular Stocks Rise
AP reports New York stocks mixed with some gains amid rumors of a split up. Bonds show mixed activity as Union Pacific 4s reach a new high. Foreign exchanges ease with the yen up 10 points. Cotton advances on buying, sugar steadies, coffee weak. In Chicago, wheat firm on stronger milling demand while corn climbs on southwest weather. Cattle and hogs show mixed moves.
MENTIONED IN THIS ARTICLE
Union Pacific
New York
Market opens with strength then reverses on broad declines
Curb market and stock exchange display initial gains of one to three points before weakness spreads across leading stocks. Bond market weak, foreign issues hit hard while Server and Electric Refrigeration bonds set new lows. Curtiss Aero preferred up 1½, Ford Motor of Canada up five, Richmond Bros up three, Pullman up over one, Pittsburgh & Lake Erie at new yearly low.
MENTIONED IN THIS ARTICLE
New York
The
Stock Exchange
Pernambuco
Curtiss Aero
Ford Motor of Canada
Richmond Bros
Pullman
Bucyrus
Pittsburgh
Lake Erie
United Gas Improvement
American Gas and Electric
American Super Power B
Prairie
Transcontinental Preferred
Bond Market Sways as Gilt-Edged Issues React
New York stocks show mixed activity with gilt edged securities slightly reactionary while money markets tighten ahead of July disbursements. Goodyears and Union Pacific 4s trade large volumes. New York Tractions and oil lines drag, French issues slide, and Liberty 4s move on a falling price scale. Banks report strong over the counter dollar activity and bankers foresee a easier market after July payouts.
MENTIONED IN THIS ARTICLE
New York
Goodyears
Union Pacific
Southern Pacific-Oregon
New York Tractions
New York Railway
Third Avenue
Shell Union
Sinclair
Cologne
Liberty
Fourth
Dull Stock Exchange Slump Ends With Market Spark
The Cincinnati Stock Exchange mood brightened as 160 traders reactivated activity, ending a lengthy trading lull. Brokers reported renewed interest and rising quotes across several issues, signaling a return to normal market dynamics after a prolonged slow period.
Travel boom drives up letters of credit in Cincinnati banks
In Cincinnati travelers seek letters of credit for Europe and bookings through steamship departments of local banks are breaking records. The current year’s voyage to Europe is said to surpass last year’s totals, which already set travel records abroad.
MENTIONED IN THIS ARTICLE
Cincinnati
Europe
Pearl Market Bank Ex-Rights Indicates Capital Increase
Financial note states Pearl Market Bank stock will be quoted ex-rights Friday after capitalization rises from 400000 to 500000. Shareholders gain right to subscribe for one new share at 200 for each four shares held.
MENTIONED IN THIS ARTICLE
Pearl Market Bank
Cincinnati Rubber Co to retire $125000 preferred stock
The Cincinnati Rubber Company will retire an issue of $125 000 preferred stock on September 15 at $105 a share. Central Trust Company acts as the rubber tires fiscal agent and will take up the remaining details.
MENTIONED IN THIS ARTICLE
Cincinnati Rubber Company
Central Trust Company
Rubber Tires
American Rolling Mill declares 50 cent stock ex dividend
Common stock of the American Rolling Mill Company will go ex dividend at 50 cents per share on Thursday. The 50 cent stock dividend will be paid July 15 to stockholders of record on July 1.
MENTIONED IN THIS ARTICLE
New York
American Rolling Mill Company
Oil market selling spurs liquidation on general list
Dominick and Dominick reported last night that oil trading yesterday saw liquidation as selling moved into other groups. They attributed the break to an over bought condition and expect a stronger market later, though they see no hurry to buy the general run of stocks.
MENTIONED IN THIS ARTICLE
Dominick & Dominick
J. M. Manley Jr Opens Investment Office
J M Manley Jr announces new general investment offices in stocks bonds land trust certificates and other securities located at 410 First National Bank Building. The venture is named J M Manley Jr.
MENTIONED IN THIS ARTICLE
J. M. Manley, Jr
First National Bank
Railroads Report May Earnings And Baldwin to Cut Output
Aggregate net operating income of 62,804,000 for the first fifty railroads reporting May earnings indicates net for all Class 1 carriers about 86,200,000 compared with 88,120,501 in May last year. The report notes a 5.06 percent monthly return on a 21,050,000,000 valuation as of January 1, 1927. Dull locomotive manufacturing will force Baldwin Locomotive Works to reduce operations to 10 percent beginning July 1, with June at 20 percent. Orders for new locomotives are scarce, causing a steady drop in output from 60 percent capacity in February.
MENTIONED IN THIS ARTICLE
Baldwin Locomotive Works
Railroads Report May Net Income Rise and Five Month Totals
May net operating income for the Pennsylvania Railroad rose to 10 097 095 from 9 064 113 last May. For the first five months of 1927 earnings reached 42 203 718 versus 33 875 449 in the same period of 1926. The New York New Haven and Hartford surplus for May was 827 728 after charges versus 725 465 a year ago, and for five months 1 735 968 against 2 596 143 in the same period last year.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Urplus
New York, New Haven & Hartford
Machinery demand shows no major improvement across centers
Analysis of reports from seven centers finds no substantial improvement in machinery and machine tool business. Slight buying interest flurries appear in some areas, but most locales report reduced activity and a softer market.
Directors authorize purchase of 1500 shares at 80
Ohio Leather Company directors authorize the purchase of 1500 shares valued at 80 each. About 7000 shares are outstanding with dividends of 10 per share in arrears.
MENTIONED IN THIS ARTICLE
Ohio Leather Company
Mirror Candy Stores to be acquired by Happiness Candy Co
Wall street debates ongoing negotiations for Happiness Candy Company to acquire Mirror Candy Stores. Indications suggest June earnings for Atchison Topeka and Santa Fe may show little change amid trade chatter and sector consolidation expectations.
MENTIONED IN THIS ARTICLE
Wall Street
Mirror
Happiness Candy Company
Atchison, Topeka & Santa
Western rail deficits and crop outlook in May report
W. B. Storey notes merchandise traffic behind last year as wheat harvests shrink. Kansas and Texas panhandle crops are down about thirty to forty million bushels. Rail lines like St. Louis Southwestern, Denver & Rio Grande Western, and Western Pacific report May deficits versus prior year May surpluses, with five month totals also lower.
MENTIONED IN THIS ARTICLE
W. B. Storey
Kansas
Texas Panhandle
Atchison
St. Louis Southwestern Railway
Denver & Rio Grande Western
Western Pacific
Pennsylvania Coal and Coke May Deficit Shows Improved Five Month Profit
Pennsylvania Coal and Coke reported a May deficit of 56045 dollars while five month profit before federal taxes reached 128271 dollars, an improvement from a 140468 dollar deficit in 1926 for the same period.
MENTIONED IN THIS ARTICLE
Pennsylvania Coal and Coke
Vauclain Denies Westinghouse Chair Rumors
Samuel M. Vauclain of Baldwin Locomotive Works flatly denies reports of his possible succession to Guy E. Tripp as chairman of Westinghouse Electric and Manufacturing Company after Tripp's recent death.
MENTIONED IN THIS ARTICLE
Samuel M. Vauclain
Baldwin Locomotive Works
Guy E Tripp
Westinghouse Electric and Manufacturing Company
Bankers propose separate stock and bond loan reports on Wall Street
Bankers urge segregation of stock and bond loan data in weekly and monthly broker loan reports. The plan, gaining wide approval on Wall Street, would likely be sent to New York Stock Exchange officials. A higher rate for bond loans versus stock loans is anticipated.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Cotton Exchange member ship sale at $28500
Arthur Card’s New York Cotton Exchange membership was sold for 28500 dollars to Homer W. Orvis to replace a prior 30000 dollar transaction. The transfer reflects ongoing adjustments in membership valuations among exchange participants.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange
Arthur Card
Homer W. Orvis
Butter Prices Hold Steady Amid Quiet Chicago Market
In Chicago on June 28, butter movement stayed barely steady with a soft undertone as receivers sold, buyers showed little interest, and trade remained quiet. Centralized car market mirrored the tone with ample supplies and slow activity despite varied scores and prices.
MENTIONED IN THIS ARTICLE
Chicago
Money rates and exchange in New York and London
New York money markets show call money at 5 percent with closing bids at 5 percent and time loans firm. Rates for mixed collateral range from 41404% to 1 cent increments, with mercantile and silver at 56 percent. London reports bar silver at 26d per ounce, money at 3 percent, and short bill discounts around 4 1/2 to 4 3/4 percent.
MENTIONED IN THIS ARTICLE
New York
Exican sOielars
London
Cotton Market Rises on October Contracts
New York June 28 cotton prices moved higher with October contracts at 17.14 cents, up 32 points from yesterday and closing at 17.12 cents. The general market finished steady with net gains of 29 to 32 points.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
HURT
GUING
NEW York Exchange
Brualteiatl WU
Radio Corp
Reading Co
Real Silk Hos. Mills
Remington Rand
Republic Iron & Steel
Reynolds Tobacco B
Safety Cable Co
St. Louis
San Fran
St. Louis Southwestern
Schulte Retail Stores Co
Seaboard Air Line
Sears-Roebuck
Shell Union Oil
Simms Petroleum
Sinclair Con. Oil
Kellya
Porto Rico
Southern Dairies A Ou
Spicer Mfg
Standard Gas & Elec
Stand. Oil
N. Jersey
Standard Oil
Calif
Stewart-Warner Speed
Studebaker Corp
Secree Weeereseseeereeese
Picea
Ees
Bea
Jordan Motor Car & Tel
Kansas City Southern
Kelly-Springfield Tire
Wees
Kennecott Copper
Mathieson Alkalinks
May Dept. Stores
Maytag Co
Mexican Seaboard Oil Een
Miami Copper
Kansas & Texas Missouri Pacific
Montana Power
Pet, B
Paramount Fam. Lasky
Pathe Exchange A
Bete Newerese Pere Marquette
Ewesenecess
Phillips Petroleum
Phila. & Read. Coal & Iron
Pierce-Arrow Motor Car Weaeereee
Pierce Petroleum Postum Co
Eweereeeesese
Cellciios
Australia
Austria
Bavaria
Belgium
Bolivia
Bordeaux
Brazil
C.ry.el
Bremen
British
Caldas
Canada
Mtg
Denmark
D. E. Ind
Fiat
Fram. I. Dev
France
Nat
S.S
C.agr
El.p.jap
Munic
Geeces Ital
Pub
Italy
Ani
Japan
Poland
Pete
Sao Paulo
Sax
Sersb.Cts
Slov
Mae
U.S.L. Bat
Univ. Leaf
Warner Pict
Wes, Oil & Snow Cf
Gulf Oil
Leh. P. Ss
Nat. P.&l
Jecowe New Con
Servel Cor Rand
Sep&l
So. Cal
Ulen & Co
S. Rub
Cleveland
Otis & Co
Bess A
Buckeye Incubator
Cleveland Railway
Electric Controller
Elyria Iron and Steel
Federal Knitting Mills
Firestone Tire and Rubber
Goodyear Tire and Rubber Com
Grasselli Chemical
India Tire and Rubber
Perreeerrir Errr Iiers
Jaeger
Enes
Eeeenee Metro
Richmond
Broa
Smalwood Stone
Renee Ces Eens
Rene
Stearna Motor
Trumbull Steel
Eneeeerena
Truscon Steel Con Seeee
Eaeneee Eens
Union Metals Mfg
Vane
State of
Associated Press
Sapois
Kodel Radio
Western Paper Goods
Wurlitzer
Dow Drug
Gruen
Early & Daniels
E. Kahn
Globe-Wernicke
Richardson Common
Light and Traction
Cincinnati Stock Exchange
Safe Investments
Kentucky
Greenup County
Weil, Roth & Irving
Dixie Terminal
W. E. Hutton & Co
Franklin
Ivestment
Procter
Gamble Co
Irwin-Ballmann Co
Walnet
Cinneinnati Stock Exchange
American Linen Supply
Reading Road
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